President Donald Trump presided over a historic joint opening bell ceremony for the New York Stock Exchange and Nasdaq from the Oval Office, marking the first day of trading for Trump Accounts. These tax-advantaged investment accounts are available to all U.S. children 18 and under, with the Treasury Department depositing $1,000 into accounts for children born between 2025 and 2028 as part of a pilot program. Treasury Secretary Scott Bessent noted that 38% of American families have no exposure to equity markets, and the accounts are designed to track stock market growth. The event was attended by corporate executives including Dell CEO Michael Dell, Visa CEO Ryan McInerney, and Robinhood CEO Vlad Tenev, who described the accounts as potentially transformative. The launch comes as a June AP-NORC poll found just 33% of American adults approve of Trump's handling of the economy, with consumer prices up 4.2% year over year.
Robinhood Markets IncRobinhood CEO Vlad Tenev described Trump Accounts as potentially transformative, likely driving new account openings and trading volume
Visa Inc. Class A
Chimera Investment Corporation
Dell Technologies Inc